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SF 4466

as introduced - 93rd Legislature (2023 - 2024) Posted on 04/16/2024 09:27am

KEY: stricken = removed, old language.
underscored = added, new language.
Version List Authors and Status
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Current Version - as introduced

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A bill for an act
 relating to housing; allowing housing and redevelopment authorities to establish
local housing trust funds; amending Minnesota Statutes 2022, section 462C.16,
subdivision 1.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2022, section 462C.16, subdivision 1, is amended to read:


Subdivision 1.

Definitions.

(a) For the purposes of this section, the following terms have
the meanings given to them.

(b) "Commissioner" means the commissioner of the Minnesota Housing Finance Agency.

(c) "Fund" means a local housing trust fund or a regional housing trust fund.

(d) "Local government" means any statutory or home rule charter citynew text begin , a housing and
redevelopment authority,new text end or a county.

(e) "Local housing trust fund" means a fund established by a local government with one
or more dedicated sources of public revenue for housing.

(f) "Regional housing trust fund" means a fund established and administered under a
joint powers agreement entered into by two or more local governments with one or more
dedicated sources of public revenue for housing.